Comstock Resources (CRK) to Release Earnings on Wednesday

Comstock Resources (NYSE:CRK) will release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Comstock Resources to post earnings of ($0.13) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Comstock Resources (NYSE:CRK) last announced its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Comstock Resources had a negative return on equity of 1.38% and a negative net margin of 1.48%. The business had revenue of $246.80 million for the quarter, compared to analyst estimates of $296.02 million. The business’s revenue was down 14.4% on a year-over-year basis. On average, analysts expect Comstock Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Comstock Resources Trading Down 0.1 %

Shares of NYSE CRK opened at $12.00 on Monday. Comstock Resources has a one year low of $7.07 and a one year high of $13.39. The firm has a market capitalization of $3.51 billion, a PE ratio of 54.55 and a beta of 0.47. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.21. The business has a 50-day moving average price of $10.95 and a two-hundred day moving average price of $10.62.

Insiders Place Their Bets

In other Comstock Resources news, major shareholder Star Exploration Corp Blue purchased 825,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $8.16 per share, with a total value of $6,732,000.00. Following the transaction, the insider now directly owns 195,646,429 shares in the company, valued at approximately $1,596,474,860.64. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Drilling L.P. Arkoma acquired 825,868 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $9.76 per share, with a total value of $8,060,471.68. Following the acquisition, the insider now owns 198,949,901 shares of the company’s stock, valued at $1,941,751,033.76. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Star Exploration Corp Blue acquired 825,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $8.16 per share, for a total transaction of $6,732,000.00. Following the acquisition, the insider now directly owns 195,646,429 shares in the company, valued at $1,596,474,860.64. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 6,712,733 shares of company stock valued at $67,816,851 in the last three months. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CRK. BMO Capital Markets raised their price objective on Comstock Resources from $10.00 to $11.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Piper Sandler downgraded Comstock Resources from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $8.00 to $5.00 in a research note on Thursday, August 15th. Siebert Williams Shank downgraded Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 price target for the company. in a research note on Tuesday, October 15th. Wolfe Research initiated coverage on Comstock Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Truist Financial raised their price target on Comstock Resources from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.79.

Comstock Resources Company Profile

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.